Landscapers Clean Homes on Bank Foreclosure Listings

Nobody could argue that homes on Bank Foreclosure Listings are blight and eye sores in the neighborhoods. Foreclosed properties also pull down home prices in the area and lately, have become magnets to criminals and vandals.

Banks in Michigan have started to realize that they could never dispose the properties on Bank Forclosure Listings immediately if they do not do some cleaning. And the need to clean and maintain foreclosure properties has created a business opportunity for some landscapers in the state.

One such landscape company is Complete Lawn Care based in Grandville. The company was established in 2007 and started losing contracts when the economy declined. It saw an opportunity in servicing homes on Bank Foreclosure Listings and subcontracted work with another landscape company.

Most banks hire landscape companies to maintain foreclosed houses on their Bank Foreclosure Listings. And most landscape companies do jobs that normally do not fall into their line of work, such as picking up garbage and trimming the grass.

Some even change locks for repossessed homes and make sure that the properties are safe and clean, including repairing plumbing and eliminating chemicals. These jobs may be out of line of the usual job responsibilities of landscape companies. But most of these firms are willing to do anything to survive the economic crisis.

And with foreclosure rates in Michigan going higher, landscape companies are assured of profits that will tie them up until such time that the economy recovers and landscaping business thrives again.

Meanwhile, Michigan reported that about 33,184 properties received foreclosure filings in the first three months of the year, representing a 12 percent jump from the same quarter a year ago but 2 percent less from the December 2008 level.

The U.S. Foreclosure Market Report of RealtyTrac showed that one out of 136 homeowners in Michigan received foreclosure filings during the first quarter of this year. This figures put Michigan in the sixth place among states with high Bank Foreclosure Listings.

In March, Michigan reported 12,417 houses with foreclosure filings, a 1 percent drop from February and 31 percent rise from the total March 2008 figures.

The state accounted for nearly 4 percent of the total 803, 489 foreclosed properties on Bank Foreclosure Listings across the county for the first three months of this year.

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